'All competitors are sourcing within the country, so we'll be at the same level of competition.'
Retailers present in India are in talks with Carrefour to buy its assets piecemeal, rather than the whole business.
Whether it's Carrefour, Ford, or other foreign majors, they are ready to adjust their strategies and design their plans in a way that would address the Indian consumption story.
It is learnt at a meeting on Monday afternoon, Jean Noel Bironneau, Carrefour's country managing director, told senior executives the French company was bringing down the shutters on its India operations.
In an interview with the Financial Times last week, Jos Luis Duran, Carrefour's chief executive, said he was poised to sign a retail joint venture in India.
Lionel Plasmans, who owns the farm, said it was an honour to be providing potatoes to the Olympics.
French giant might apply for multi-brand retailing if UK rival gets nod.
Carrefour had in July announced it was exiting the India market
While Walmart's 50:50 joint venture with Bharti Enterprises -- Bharti Walmart, is talking to the Punjab government to maintain and modernise slaughter houses in the state, French retailer Carrefour has adopted a municipal school located near its wholesale store at Seelampur in Delhi.
Reliance Retail and Bharti Enterprises are understood to be in talks to buy India assets of the world's second largest retailer Carrefour that has decided to exit the country by closing its five stores.
The world's second largest retailer Carrefour on Tuesday said it will enter India's $330 billion retail market through the franchise route by 2009, for which it is talking to three potential local partners. The French firm, which has already made a soft launch of its cash and carry business, will keep its identity separate from the retail venture to conform with Indian laws.
Real estate major Parsvnath Developers Ltd, which has announced its retail foray with hypermarket format stores, is understood to be in talks with French giants Carrefour and Groupe Casino for partnering in the new venture.
Many bureaucrats have in the recent past switched sides to join companies.
Carrefour, which is said to be close to announcing a tie-up with Wadias, is still talking to some other companies, they said.
FDI policy for multi-brand retail has been a sore point for the retail chain.
While Wal-Mart is facing delay in the rollout of its retail plan, Carrefour SA, the world's second-largest retail chain, is still struggling to finalise its Indian partner even after six years of persistent search.
French retail giant Carrefour on Tuesday said it will start wholesale cash-and-carry business in India within next 2-3 months with the opening of its first store in Delhi.
Carrefour, the world's largest retailer after Walmart, is learnt to be rationalising its expansion plans in India, prompted by a worsening global economy, particularly in Europe.
The French retailer, which has been talking to various Indian business houses for a possible partnership to roll out its wholesale operations in the cash- and-carry format, has also recruited around 50 people.
French retail giant, Carrefour on Wednesday held meetings with over 600 suppliers here as part of its plans to open its first cash and carry store in India.
The company's search for a partner in India seems to be grounded once again
Still, Biles was likely partaking in some delectable pastries that Paris had to offer.
Besides Carrefour, Reliance is also talking to tier-2 companies like Salisbury and Marks and Spencer for food business, sources said. When contacted, an RIL spokesperson in Mumbai declined to comment.
As and when the sector opens up to FDI, the world's second-largest retailer will automatically get equity in Pantaloon Retail or will enjoy right of first refusal, said the sources.
In Dubai, A Ganesh Nadar encountered high speeds on smooth-as-silk-roads, no bureaucracy, gold, Mr Toad's. And snow!
Reliance Industries Ltd will acquire German firm Metro AG's wholesale operations in India for Rs 2,850 crore as the conglomerate run by billionaire Mukesh Ambani seeks to strengthen its dominant position in India's mammoth retail sector. "Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Ltd, signed definitive agreements to acquire a 100 per cent equity stake in Metro Cash & Carry India for a total cash consideration of Rs 2,850 crore, subject to closing adjustments," said a joint statement. Through this acquisition, Reliance Retail will get access to a network of Metro India stores located in prime locations across key cities, along with a large base of registered kiranas and other institutional customers, and a strong supplier network.
Global retail giants, including IKEA, Walmart and Carrefour, are studying the finer details of India's relaxed foreign direct investment norms for the sector as they look to tap opportunities in the country.
While French retailer Carrefour had set up its first cash-and-carry centre at Seelampur in east Delhi in December 2010, German chain Metro will launch its 10th Indian outlet in Karkardooma on Tuesday.
Decision-making is stretched because of differences in views between ministries.
E-commerce pilot for wholesale begins from July in Hyderbad and Lucknow
Online play is a priority now -- so far unthinkable in a business that's all about a meaningful interface with kirana stores.
Retailers can buy existing facilities if they spend $50 mn to create additional infra.
Multi-brand foreign retailers such as Walmart, Metro, Carrefour and Tesco have already invested in India under cash-and-carry arrangements.
The government on Thursday clarified that the multi-brand retail store set up by a global retail entity will have to be 'company owned and company operated' and not operated by any franchisee.
The retail FDI decision is rooted in the bravado of a leader who scarcely cares for his own people, especially the poor, but is deeply ashamed at being called an "underachiever" by the West.
Supertech is just one among the many real estate players returning to commercial projects.
China has reported 66 new coronavirus cases, the largest since the disease was controlled in its first epicentre Wuhan in April, prompting the authorities to go into a 'wartime' mode to stem the spread of COVID-19 in the capital Beijing which has seen a sudden spike in the number of infections, health officials said on Sunday.
RIL had earlier decided not to pursue the cash-and-carry model due to a number of reasons, including a growing unrest towards organised retail.
With the Indian Government mulling over whether to allow foreign direct investment in multi-brand retail sector, here is a look at world's top 10 retail giants.
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